Panama participates into ITM 2018 for the first time

YarnsandFibers News Bureau 2018-02-28 17:42:00 – Mumbai

A surprise country will take place at the ITM 2018 Exhibition, in which the heart of the textile world will beat and the sector leaders will be introducing their latest technological products, in the present year. The Panama Colon Free Trade Zone, the world's second largest free trade zone, will take part at its booth at ITM.

Mr. Manuel Grimaldo, Director General of the Panama Free Trade Zone, expressed a special interest in the ITM 2018 Exhibition, into which exhibitors and visitors from nearly 100 countries will participate. Manuel Grimaldo requested a location from the exhibition space.

After the talks, Mr. Manuel Grimaldo confirmed that the Panama Colon Free Zone would participate into the ITM 2018 Exhibition. Thus, Panama will become one of the first countries taking place at the ITM for the first time. Grimaldo with the team, among whom there are members of the Panama Free Zone Board of Directors, will visit the ITM 2018 Exhibition.

Panama, which is the fastest growing economy in South America, has 18 registered free zones. The largest of these is the Panama Colon Free Zone, the second largest free zone in the world after Hong Kong. There are nearly 3,000 companies in the Panama Colon Free Zone and 500 of these companies are operating in the field of textiles and ready-made clothing.

The annual trade volume of the Panama Colon Free Zone is 20 billion US dollars.

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